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Dime Community (DCOM) Reports Q1 Earnings: What Key Metrics Have to Say
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For the quarter ended March 2024, Dime Community (DCOM - Free Report) reported revenue of $82 million, down 13.5% over the same period last year. EPS came in at $0.38, compared to $0.95 in the year-ago quarter.
The reported revenue represents a surprise of +2.30% over the Zacks Consensus Estimate of $80.15 million. With the consensus EPS estimate being $0.37, the EPS surprise was +2.70%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Dime Community performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 64% compared to the 66% average estimate based on two analysts.
Net Interest Margin: 2.2% versus the two-analyst average estimate of 2.2%.
Average Balance - Total interest-earning assets: $13.02 billion versus $12.77 billion estimated by two analysts on average.
Net Interest Income: $71.53 million compared to the $71.09 million average estimate based on two analysts.
BOLI income: $2.46 million compared to the $2.36 million average estimate based on two analysts.
Loan level derivative income: $0.41 million compared to the $1.40 million average estimate based on two analysts.
Non-interest income- Other: $0.47 million versus $0.60 million estimated by two analysts on average.
Service charges and other fees: $4.54 million versus $3.92 million estimated by two analysts on average.
Total Non-Interest Income: $10.47 million versus $9.03 million estimated by two analysts on average.
Shares of Dime Community have returned +2.7% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Dime Community (DCOM) Reports Q1 Earnings: What Key Metrics Have to Say
For the quarter ended March 2024, Dime Community (DCOM - Free Report) reported revenue of $82 million, down 13.5% over the same period last year. EPS came in at $0.38, compared to $0.95 in the year-ago quarter.
The reported revenue represents a surprise of +2.30% over the Zacks Consensus Estimate of $80.15 million. With the consensus EPS estimate being $0.37, the EPS surprise was +2.70%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Dime Community performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 64% compared to the 66% average estimate based on two analysts.
- Net Interest Margin: 2.2% versus the two-analyst average estimate of 2.2%.
- Average Balance - Total interest-earning assets: $13.02 billion versus $12.77 billion estimated by two analysts on average.
- Net Interest Income: $71.53 million compared to the $71.09 million average estimate based on two analysts.
- BOLI income: $2.46 million compared to the $2.36 million average estimate based on two analysts.
- Loan level derivative income: $0.41 million compared to the $1.40 million average estimate based on two analysts.
- Non-interest income- Other: $0.47 million versus $0.60 million estimated by two analysts on average.
- Service charges and other fees: $4.54 million versus $3.92 million estimated by two analysts on average.
- Total Non-Interest Income: $10.47 million versus $9.03 million estimated by two analysts on average.
View all Key Company Metrics for Dime Community here>>>Shares of Dime Community have returned +2.7% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.